Airspan Announces New US$2.3 Million Service Contract With Yozan Inc.

BOCA RATON, FL -- (MARKET WIRE) -- January 11, 2007 -- Following the recent announcement of its
successful completion of the Yozan Japan network optimization program,
Airspan Networks, Inc. (NASDAQ: AIRN) today announced that it has entered
into a new service agreement with Yozan for the continuing optimization and
rollout of the network.

The new agreement is valued at approximately $2.3 million. Airspan is
expected to provide both additional network optimization consulting and
support services through to the end of April 2007. The service agreement
will include WiMAX systems consulting, project management, radio planning
services, training, and engineering support for Yozan's site selection and
preparation. Airspan will also make services available to support
installation, commissioning and maintenance by Yozan of the WiMAX-WiFi
network.

"Yozan has been very pleased with the performance of the equipment since
the optimization that took place in the third quarter 2006," said Mr.
Kiyoshi Ohata, President of Yozan. "The new agreement will help us to
deploy Airspan's equipment according to the best practices of the broadband
wireless industry. Airspan has had considerable experience in deploying
WiMAX networks elsewhere, and its knowledge of operators' practices will be
very valuable to Yozan as it continues to deploy services in Tokyo."

Commenting on the new agreement, Henrik Smith-Petersen, Airspan's President
Asia Pacific, said: "We are very pleased with the continuation of the
network development with Yozan, which remains one of our most important
customers. As an early adopter of WiMAX technology, Yozan is ready to
become one of the leading users of WiMAX and WiFi broadband wireless
equipment."

WiMAX, WiMAX Forum and WiMAX Forum Certified are trademarks of the WiMAX
Forum.

About Airspan Networks, Inc.

Airspan Networks provides fixed and wireless voice and data systems and
solutions, including Voice Over IP (VoIP). Its wireless products serve
operators around the world in both licensed and unlicensed frequency bands
between 700 MHz and 6 GHz, including both PCS and 3.5GHz international
bands. Airspan has a strong wireless product roadmap that includes products
meeting 802.11 a/b/g Wi-Fi standards, and WiMAX Forum Certified equipment
that includes software upgradeability to the Mobile WiMAX 802.16e-2005
standard. Airspan is on the Board and is a founder member of the WiMAX
Forum and a member of the Wi-Fi Alliance. The Company has deployments in
more than 100 countries with more than 400 operators, 100 of which use
Airspan's WiMAX Forum Certified and non-certified products. Airspan's
wireless systems are based on radio technology that delivers excellent area
coverage, high security and resistance to fading. These systems can be
deployed rapidly and cost effectively, providing an attractive alternative
to traditional wired communications networks. Airspan's AS.TONE VoIP system
is a carrier class, turnkey solution that provides carriers with Class 4,
Class 5 and IP-Centrex solutions and has a Softswitch and Gateways
supporting SIP/H323 and SIP. AS.TONE's design provides customers, carriers,
next-generation telcos, cellular providers and ITSP with a wide range of
solutions with the best price/performance system for IP telephony. Airspan
also offers radio planning, network installation, integration, training and
support services to facilitate the deployment and operation of its systems.
Airspan is headquartered in Boca Raton, Florida with its main operations
center in Uxbridge, United Kingdom.

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than statements of
historical facts, including statements regarding our strategy, future
operations, financial position, future revenues, projected costs,
prospects, plans and objectives of management, may be deemed to be
forward-looking statements. The words "anticipates," "believes,"
"estimates," "expects," "intends," "may," "plans," "projects," "will,"
"would" and similar expressions or negative variations thereof are intended
to identify forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually achieve
the plans, intentions or expectations disclosed in our forward-looking
statements and you should not place undue reliance on our forward-looking
statements. There are a number of important factors that could cause actual
results or events to differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements we make. Investors
and others are therefore cautioned that a variety of factors, including
certain risks, may affect our business and cause actual results to differ
materially from those set forth in the forward-looking statements. These
risk factors include, without limitation, (i) a slowdown of expenditures by
communication service providers; (ii) increased competition from
alternative communication systems; (iii) the failure of our existing or
prospective customers to purchase products as projected; (iv) our inability
to successfully implement cost reduction or containment programs; (v) the
potential loss of Axtel and Yozan as our largest customers; and specific to
this press release, (vi) our potential inability to locate and secure
additional sources of capital at the time and in the amount needed; (vii)
the possibility that Yozan will materially delay or cancel future equipment
orders; (viii) our inability to cancel certain component orders and/or to
use or sell any excess inventory we accumulate as a result of the Yozan
contract amendment; (ix) disruption to our operations in Israel, including
the absence of employees due to required military service caused by
political and military tensions in Israel and the Middle East; and (x)
specific to this press release, our ability to deliver the services to
Yozan, and Yozan's ability to successfully deploy and operate the AS.MAX
products and services. The Company is subject to the risks and
uncertainties described in its filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the year ended 31
December, 2005 and on its Form 10-Q for the quarters ended April 2, 2006,
July 2, 2006 and October 1, 2006. You should read those factors as being
applicable to all related forward-looking statements wherever they appear
in this press release. We do not assume any obligation to update any
forward-looking statements.